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Savy Infra sets SME IPO price band at ₹114-120/share, issue to open Jul 21
The initial public offering (IPO) will conclude on July 23, and the company's shares will be listed on the NSE Emerge, Savy Infra & Logistics said in a statement.
The IPO is entirely a fresh issue of up to 5.83 million equity shares.
The net proceeds from the public issue worth ₹49 crore will be utilised for funding working capital requirements and a balance for general corporate purposes.
"The capital raised will support our working capital needs and enable us to scale both the EPC and logistics divisions efficiently," Savy Infra & Logistics Chairman and MD Tilak Mundhra said.
Savy Infra and Logistics is engaged in the business of engineering, procurement, and construction (EPC) and logistics, with a focus on infrastructure projects.
The company also offers logistics services through an asset-light model by renting trucks and drivers.
In FY25, the company reported revenue from operations of ₹283.39 crore and profit after tax of ₹23.88 crore.
Unistone Capital is the sole book-running lead manager, and Maashitla Securities is the registrar for the IPO.
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